Local schools to receive portion of $50 million seismic safety upgrade bond

0518 earthquake bondSalem, Ore. – Local schools will be getting a cut of a $50 million bond sale that will finance seismic safety upgrades at Oregon schools and community colleges.

According to the Oregon State Treasury, the new bonds were issued last week as part of a $351.4 million total bond sale. Oregon’s strong credit rating helped the Treasury sell the 20-year bonds at competitive interest rates.

The Oregon Treasury said a 2007 review by the Oregon Department of Geology and Mineral Industries listed more than 1,000 school structures at risk of collapse in a major earthquake in Oregon.

Oregon State Treasurer Ted Wheeler said, “Studies have found that schools are at risk, which means schoolchildren are at risk, and I applaud the Legislature for approving this use of our limited bonding capacity.”

The list of institutions that will be receiving more than $1 million include schools in Grants Pass, Klamath Falls, and Medford.

The following is a full list provided by the Oregon State Treasury.

2016 Series H

Baker School District

Baker High School Gym

                 $1,300,500

2016 Series H

Bandon School District

Ocean Crest Elementary

                  1,498,212

2016 Series H

Bend-LaPine School District

Pilot Butte Middle School

                      289,038

2016 Series H

Brookings School District

Kalmiopsis Elementary

                  1,499,600

2016 Series H

Butte Falls School District

Butte Falls High School

                  1,492,300

2016 Series H

Cascade School District

Turner Elementary

                  1,484,200

2016 Series H

Central Curry School District

Gold Beach High School

                  1,499,213

2016 Series H

Crook County School District

Crook County Middle School Gym

                  1,003,120

2016 Series H

Dallas School District

Whitworth Elementary

                  1,492,900

2016 Series H

David Douglas School District

Mill Park Elementary

                      910,495

2016 Series H

Gaston School District

Gaston Elementary

                  1,493,900

2016 Series H

Grants Pass School District

Riverside Elementary

                  1,499,800

2016 Series H

Grants Pass School District

South Middle School

                  1,499,900

2016 Series H

Harrisburg School District

Harrisburg High School Gym

                  1,496,400

2016 Series H

Hood River County School District

Hood River Middle School Gym

                      898,400

2016 Series H

Jackson County School District

Table Rock Elementary Gym

                  1,495,500

2016 Series H

Jefferson School District

Jefferson Elementary

                  1,000,400

2016 Series H

Klamath Falls School District

Peterson Elementary

                  1,498,800

2016 Series H

Lane Community College

Building 18

                      686,576

2016 Series H

Langlois School District

Driftwood Elementary

                  1,472,400

2016 Series H

Lowell School District

Lowell High School

                  1,136,017

2016 Series H

Medford School District

Ruch Elementary

                  1,477,100

2016 Series H

Monroe School District

Monroe Grade School

                  1,490,200

2016 Series H

Neah-Kah-Nie School District

Nehalem Elementary

                  1,396,000

2016 Series H

Nestucca Valley School District

Nestucca Valley Elementary

                  1,492,800

2016 Series H

North Powder School District

North Powder Gym

                      676,200

2016 Series H

Paisley School District

Paisley Elementary

                  1,124,000

2016 Series H

Pine Eagle School District

Pine Eagle Elementary

                      491,400

2016 Series H

Portland Public Schools

Lewis Elementary

                      333,621

2016 Series H

Reynolds School District

Reynolds Middle School Classroom

                  1,500,000

2016 Series H

Rogue River School District

Rogue River West Elementary

                  1,497,500

2016 Series H

Roseburg School District

Green Elementary

                  1,497,500

2016 Series H

St. Paul School District

St. Paul Elementary

                  1,462,700

2016 Series H

Santiam Canyon School District

Santiam High School Gym

                  1,499,600

2016 Series H

Silver Falls School District

Victor Point School

                  1,167,400

2016 Series H

SW Oregon Community College

Coaledo Hall

                      597,818

2016 Series H

SW Oregon Community College

Randolph Hall

                      264,154

2016 Series H

Sweet Home School District

Sweet Home High School Auditorium

                  1,424,700

2016 Series H

Tillamook School District

Liberty Elementary Gym

                  1,161,400

2016 Series H

Tigard-Tualatin School District

Fowler Middle School

                  1,299,126

2016 Series H

Yoncalla School District

Yoncalla Elementary

                  1,499,110

 

$50,000,000

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